The Japanese government denies guiding the depreciation of the yen

According to BlockBeats, on March 4th, the Japanese government denied US President Trump's claim that Japan has been guiding currency depreciation. On the 3rd, Trump explained to the media at the White House the reason for the tax increase on Japan, saying that Japan has been guiding currency depreciation, which puts us at a very unfair disadvantage. Trump claims that he will increase taxes to 'bring fairness quickly and effectively'. Regarding this, Japanese Chief Cabinet Secretary Lin Fangzheng stated at a press conference on the 4th that Japan has not adopted the so-called policy of guiding the depreciation of the yen. The relevant parties in Japan will continue to maintain close consultations with US Treasury Secretary Besson. Japanese Finance Minister Katsuyuki Kato also stated that Japan has not adopted a policy of yen depreciation, and the Japanese government and central bank have been trying to correct the trend of yen depreciation and dollar appreciation by intervening in the exchange rate since 2022. (Golden Ten)